SALINA — Defense contractor Lockheed Martin Corp. (NYSE: LMT) today announced it is cutting 300 jobs in its Mission Systems and Training business in the U.S.
“This action is necessary to address current business realities, including uncertain program funding, a delay in contract announcements and an extremely competitive market,” Keith D. Little, senior manager of media relations and public affairs at Lockheed Martin, said in an email.
The security and aerospace company didn’t disclose how many jobs would be eliminated at its various facilities.
Lockheed Martin employs 1,900 at its plant in Salina and 2,700 at its Owego facility.
Lockheed’s Mission Systems and Training business provides systems engineering, software development, complex program management, supply-chain solutions and logistics, and training and simulation technologies for global security, civil, and commercial markets, according to its website.
The unit employs more than 18,000 people in the U.S., Canada, Mexico, Taiwan, Japan, United Kingdom, Germany, the Netherlands, New Zealand, and Australia. Computer systems, software, and hardware engineering professionals make up the biggest segment of its workforce, followed by production, professional, and other support specialists, according to the site.
Lockheed Martin employs almost 120,000 people companywide. It generated $47 billion in revenue last year.
Contact Rombel at arombel@cnybj.com